Weighing Work-Sharing Unemployment Insurance

Law360, New York (December 1, 2008, 12:00 AM EST) -- When cash flow is tight and credit unavailable during an economic downturn, employers often feel compelled to lay off workers as a means of reducing payroll costs.

While doing so may be unavoidable at times, employers should be aware that a viable alternative may exist in their state in the form of work-sharing unemployment insurance.

Almost 40 percent of states have work-sharing unemployment insurance programs, but, surprisingly, only a small number of businesses take advantage of such programs during difficult economic times, or at all....
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